He was the second Principal of Fergusson College and served that post from August-1892 till his last breath. He is considered as a model for any one who wants to be in public service with unflinching devotion to his/her principles and a complete dedication to the work undertaken. In his public life of just about 15 years, Agarkar made gigantic contributions to the field of social reforms and education and left an indellible mark on the social life of Maharashtra.
After doing some clerical work in a court at Karad, he went to Ratnagiri but could not get education there.
In 1878, he got his Bachelor of Arts degree followed by later M. A. in 1880. Agarkar expired unexpectedly on 17 June 1895.His death was attributed to asthma.